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Fly News Breaks for December 13, 2019
SBGI
Dec 13, 2019 | 08:50 EDT
JPMorgan analyst Alexia Quadrani reinstated coverage of Sinclair Broadcast with a Neutral rating and $37 price target following a period of restriction. The analyst believes the recent multiple contraction reflects a lack of market confidence in Sinclair's outlook for the acquired regional sports networks. She looks for greater visibility into upcoming renewals before becoming more constructive on the stock.
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